RIM STUMBLES Again, Nokia Faces TOUGH Q2, and 3 Hot Stocks to Watch
Nokia Corporation (NYSE:NOK) has a tough Q2 coming due to the slowdown in smartphone growth, Apple (NASDAQ:AAPL) and Samsung market share advances, and a challenging product transition leading up to Microsoft’s (NASDAQ:MSFT) Windows 8 phone, RBC Capital predicts. RBC is planning on Nokia announcing an inventory write-down and reports cash-burn is still a worry. The firm reduced estimates and its price target from $5 to $3.50. Shares are rated Sector Perform.
Research In Motion’s (NASDAQ:RIMM) new head of marketing, Frank Boulben, reports that a delay in the launch of the new generation until early next year will provide retailers additional time to concentrate renovated smartphones once they make it to store shelves, despite it following the holiday sales season, according to Reuters.
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Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) sees 3% rise in heavy trading and proceeding with the upward trend it’s been happy to see since April due to enthusiasm regarding its Belviq obesity treatment. SA author Efsinvestment reports that with a Relative Strength Index of 65%, the stock needs a rest, despite it being worth purchase following any pullback.
Sirius XM Radio Inc (NASDAQ:SIRI) share strength in comparison to Liberty Media (NASDAQ:LSTZA) makes an investment case for Liberty more persuasive, according to Canaccord, and the firm may add $7-12 upside with a Sirius merger. Shares of Liberty are rated Buy with a price target of $101.
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